However one might need to change settings without reloading modules. ifenslave didn't offer help either: could only attach/detach slaves to bonding interface.

Could you show a way to do the task in command prompt without exercising distro-specific ways like /etc/network/interfaces or Fedora's /etc/sysconfig/network-scripts/ifcfg-*?

And yes, one could use ifconfig to set IP configuration and various other data for bonding interfaces but it gives no way to set advanced parameters like those that could be put *.conf file as kernel module options. Also ifconfig doesn't allow to make bond1.

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